Michael Saylor today Squawk Box

Quotes

"Skeptics say Bitcoin looks too good to be true. Someone's going to take it away from you. And that's based on a basic fundamental misunderstanding about Bitcoin. People say it's digital currency. That's an unfortunate historical artifact."

" It's not digital currency. It's digital property. And once you make that big leap... The compelling use case is for capital preservation for everyone in the world.... Everywhere in the world where you can own property China, the US is going to embrace bitcoin as digital property.

" Most of the issues around crypto are its uses as a medium of exchange. But medium of exchanges only worth a trillion dollars. Stored value is worth $100. Trillion. "

" I give you a billion dollars and drop you in Africa and tell you to preserve this money for 100 years. What are you going to buy? The answer is nothing. There's nothing on the entire continent that you can buy. That's better than Bitcoin."

" It doesn't have to be a currency. Nobody's trying to buy a cup of coffee with a fraction of their building on 5th avenue."

"Every wealthy person i know owns property in London or New York somewhere and none of them complain about not being able to spend their building to to as a meeting of exchange. So the killer application is capital preservation for everybody the store value or use case medium of exchange is a distraction."